Reuters

NEW YORK (Reuters) - Citigroup's head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, according to an internal memo seen by Reuters.

Citigroup's head of digital assets for markets unit departs, memo says

Scotiabank has agreed to take a 14.9% stake in KeyCorp for roughly $2.8 billion, the Cleveland-based bank announced Monday. The Canadian lender will purchase about 163 million shares of KeyCorp’s common stock for $17.17 per share, according to the statement. Scotia’s move would represent a huge advancement for a...

Scotiabank to take nearly 15% stake in KeyBank for $2.8B

KeyCorp shares surged Monday morning after the bank announced a $2.8 billion investment from the Bank of Nova Scotia. Scotiabank will acquire about 163 million shares by the first quarter of 2025 after the companies receive regulatory approval. Cleveland-based KeyCorp called the investment a "unique opportunity to raise capital on...

KeyCorp Stock Surges After a $2.8 Billion Scotiabank Investment

Big banks in the US are boosting the amount of cash they’re handing to new customers as the fight for deposits intensifies for the first time in years. JPMorgan Chase and Wells Fargo in particular are battling it out to curb deposit flight triggered by the Federal Reserve’s interest rate hikes, reports the Wall Street Journal.

JPMorgan Chase and Wells Fargo Offering $300 Cash As Banks’ Battle for New Deposits Intensifies for First Time in Years: Report

Wells Fargo, Morgan Stanley and Bank of America are among a group of Wall Street banks accused of bilking customers out of billions of dollars in interest payments, according to a new report. The U.S. Securities and Exchange Commission is probing the banks to determine whether they purposefully directed clients...

Wells Fargo, Morgan Stanley and Bank of America Accused of Cheating Customers Out of Billions of Dollars in Interest Payments: Report

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

The Motley Fool

The estimated $31.3 billion Buffett has put to work in Apple is dwarfed by the amount of money he's spent regularly purchasing shares of this top-performing company.

Billionaire Warren Buffett Has Purchased $77 Billion of His Favorite Stock, Which Is More Than Double What He's Spent Buying Shares of Apple!

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

South Carolina State

Los Angeles County, CA

Herbie J Pilato

In 1981, pop-music sensation Andy Gibb was at the top of the charts. The younger brother of Barry, Robin, and Maurice, a.k.a. The Bee Gees, commenced a tumultuous romance with actress Victoria Principle, who played Pam Ewing on Dallas, TV's then-Number 1 prime-time series. But after the relationship ended, Andy's life, already challenged by substance abuse, did as well. This is their tragic story.

The Tragic Death of Pop Star Andy Gibb & His Traumatic Romance with 'Dallas' Star Victoria Principle

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

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J. Souza

A retired military officer who had been struggling with post-traumatic stress disorder (PTSD) tragically died after jumping from the world’s largest cruise ship last month, authorities confirmed.

Cruise Passenger Who Jumped from World's Largest Ship After Dispute Suffered with PTSD

New Jersey State

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New Brunswick, NJ

Morristown Minute

NEWARK, N.J. -A Middlesex County man, Kenneth Strickland, 57Kenneth Strickland, 57, from New Brunswick, has been convicted of his involvement in a large-scale conspiracy to distribute fentanyl and heroin. U.S. Attorney Philip R. Sellinger announced that Strickland was found guilty on July 29, 2024, of all six counts in a superseding indictment.

NJ Man Convicted in Large-Scale Fentanyl & Heroin Trafficking

The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s...

JPMorgan Chase Issues Warning To Investors As US National Debt Hits $34,997,540,505,103

Newark, NJ

NEW JERSEY - Alain Rodrigues, a 49-year-old Middlesex County resident and owner of a construction business in Old Bridge and Newark, New Jersey, has admitted to charges of tax evasion and failure to collect and pay over taxes. U.S. Attorney Philip R. Sellinger announced that Rodrigues entered his guilty plea on August 1, 2024, before U.S. District Judge Esther Salas in Newark federal court.

Construction Business Owner Admits Tax Evasion, Owes $1.35M

Oliver Chen, TD Cowen senior retail analyst, joins 'Squawk Box' to discuss key retail earnings from Walmart and Home Depot this week, what to expect from the retail giants, state of the consumer, and more.

We are in a consumer discretionary recession, says TD Cowen's Oliver Chen

New York City, NY

Jacksonville, FL

Jacksonville Today

The Wells Fargo name is gone from the Downtown skyline. The name atop the former Wells Fargo Center was removed Sunday . A helicopter flew away each of the 20 letters and deposited them at a lot across from the Maxwell House Coffee plant on East Bay Street.

Wells Fargo name removed from Downtown tower

Markets Insider

Berkshire Hathaway stands to gain about $12 billion in annual interest from its $235 billion in T-Bill holdings.

Warren Buffett's Berkshire Hathaway now owns more short-term Treasurys than the Fed

Pennsylvania State

A new report shows that over 30 national bank locations were closed in just two weeks during the month of July. According to The Daily Mail, 33 major bank locations were closed between July 14 and July 28. Bank branch closures included Axiom Bank, Bank of America, Capitol, Chase, Citizens, Dollar Bank, Lemont, PNC, Wells Fargo, and Zions Bancorporation.

Major banks close 33 locations in 2 weeks

NewsBreak

Canada’s Scotiabank Stakes Out $2.8 Billion in US Lender KeyCorp

Canada’s Scotiabank, one of the country’s big six lenders, announced Monday that it bought a 14.9% stake in US regional lender KeyCorp. After years of misadventures...

Canada’s Scotiabank Stakes Out $2.8 Billion in US Lender KeyCorp

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